October 2, 2011

According to a recent report from Goldman Sachs, LinkedIn in continuing to consolidate its position and the market is quite optimistic about organizaton's future. Here are some of the highlights of the report:

The 'Hiring Solutions' business -- which is 50% of LinkedIn revenue -- grew 156% in 2011. That unit will grow at an average growth rate of 45% over the next five years. Recruiters are loving LinkedIn's recruitment solution, which is cheaper than competitive offerings.

The new offerings like Today, Groups, and Mobile are showing strong user engagement.

At the end of 2011, LinkedIn 145 million registered members, up 60% year over year.
That number is now over 150 million, just as of the end of February.

International growth is particularly strong, and the opportunity is still huge, with just 4% penetration into the global professional workforce.

All of the competition (CareerBuilder, Monster, Indeed, etc.) are either losing or stalling in the market share of Career Services.